Cost Of Living in Sheridan, IN

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A+

10%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

25%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Sheridan	Indiana	National
Cost of living	90	89	100
Groceries	100	97	100
Health care	97	97	100
Housing	75	72	100
Transportation	99	96	100
Utilities	99	96	100
Lifestyle & Entertainment	93	95	100
Household Items	96	98	100
Education & Childcare	91	94	100

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Homes For Sale In Sheridan, IN

235 Derringer Ave

Westfield, IN

19653 Highclere Ln

Sheridan, IN

132 Oakhurst Way

Westfield, IN

510 Buckthorn Ln

Sheridan, IN

Cost Of Living Quick Facts

The cost of living in Sheridan is 1% higher than the Indiana average
The cost of living in Sheridan is 10% lower than the national average
Sheridan housing is 25% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 21% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,126	$7,094	$1,986	$2,554
Renters	$40,755	$3,396	$951	$1,223

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.15%	3.15%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Kirklin, IN	1,162	83	16.6%
Kempton, IN	349	83	16.5%
Michigantown, IN	555	87	13.1%
Tipton, IN	5,160	87	13.1%
Atlanta, IN	891	88	12.4%
Sheridan, IN	3,558	90	9.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sauk City, WI	3,557	102	1.5%
Golden Grove, SC	3,559	92	7.6%
Poteet, TX	3,559	90	10.4%
Mount Gilead, OH	3,556	87	13.4%
Sainte-Anne-des-Lacs, QC	3,556	n/a
Sheridan, IN	3,558	90	9.7%